Martin M. Shenkman, founder of Shenkman Law of New York City and Paramus, N.J., offers some strong opinions about how advisers should — and shouldn’t — respond to pending legislation concerning family limited partnerships and family limited liability companies.

Anything can happen, and I know I won’t be around forever. And I want my children to be able to preserve, protect and perhaps grow whatever money I can give them. So I’ve constructed a set of guidelines and some stocks that they can buy now and hold forever.

A senior editor for Merrill Anderson, the financial communications firm for banking, investment and trust companies, has a blog where he offers insight on the industry. He quotes a mentor as telling him “that there is more need for trust departments than ever, there are so many sharks after the money of the elderly population.” Then he presents an intriguing example.

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